GoPro (GPRO) Files $100M IPO
(Updated - May 19, 2014 5:00 PM EDT)
GoPro, Inc. (Nasdaq: GPRO) filed a registration with the U.S. Securities and Exchange Commission for an Initial Public Offering of its Common Stock. The proposed maximum offering price is $100 million. The company plans to list on The NASDAQ Global Select Market under the symbol “GRPO.”
The offering is being made via J.P. Morgan, Citigroup, Barclays, Allen & Company LLC, Stifel, Baird, MCS Capital Markets, Piper Jaffray, and Raymond James.
GoPro develops hardware and software solutions to alleviate consumer pain points associated with capturing, managing, sharing and enjoying engaging content.
Financial statements below:
|Consolidated statements of operations data:||Year ended December 31,||Three months ended|
|(in thousands, except per share amounts)||2011||2012||2013||2013||2014|
Cost of revenue(1)
Research and development(1)
Sales and marketing(1)
General and administrative(1)
Total operating expenses
Other income (expense), net
Income before income taxes
Income tax expense
Weighted-average shares used to compute net income per share attributable to common stockholders(2):
Net income per share attributable to common stockholders(2):
Pro forma net income per share attributable to common stockholders (unaudited)(2):
Pro forma weighted-average shares used to compute net income per share attributable to common stockholders (unaudited)(2):
Supplemental pro forma net income per share attributable to common stockholders (unaudited)(2):
Supplemental pro forma weighted-average shares used to compute net income per share attributable to common stockholders (unaudited)(2):
Other financial information:
|(1)||Includes stock-based compensation expense as follows:|
|Year ended December 31,||Three months ended|
Cost of revenue
Research and development
Sales and marketing
General and administrative
Total stock-based compensation expense
See Note 8 of our consolidated financial statements included elsewhere in this prospectus for an explanation of the calculations of our historical basic and diluted net income per share attributable to common stockholders and our pro forma and supplemental pro forma unaudited basic and diluted net income per share.
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Related EntitiesPiper Jaffray, JPMorgan, Citi, Raymond James, Robert W Baird, Barclays, IPO
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